Disabled Person Trusts
Disabled Person Trusts are a special type of trust created to provide protection to vulnerable adults and children to help with long term planning for their future.
These trusts are not straightforward and can only be created in certain circumstances if specific criteria are met by the beneficiary of the trust.
If this criteria is satisfied then the trust will benefit from favourable Inheritance Tax, capital gains tax and income tax rates. During the administration period specific rules apply to the distribution of capital and income.
Advice should be sought if you wish to create a disabled person trust or have been appointed to act as a trustee. For advice, guidance and support contact us